广东茂名首富，又要IPO了

Core Viewpoint - XINWANDA Electronics Co., Ltd. is set to go public in Hong Kong, marking its third entry into the capital market after previous listings in Shenzhen and Switzerland, reflecting its growth in the lithium battery sector [4][6][13]. Company Overview - Founded in 1997 by brothers Wang Mingwang and Wang Wei, XINWANDA started with consumer batteries and has expanded into automotive power batteries and energy storage [5][11]. - The company was listed on the Shenzhen Stock Exchange in 2011 and later on the Swiss Exchange in 2022, showcasing its successful capital operations [6][12]. Business Performance - XINWANDA is the largest mobile phone battery manufacturer globally, with a revenue of 56 billion yuan projected for 2024 [14][16]. - The company holds a 34.3% market share in the global mobile phone battery market and a 21.6% share in laptop and tablet batteries [15]. - Revenue from consumer batteries accounted for 61.4%, 59.6%, and 54.3% of total revenue from 2022 to 2024, indicating its significance as a revenue pillar [16]. Growth in New Segments - XINWANDA has successfully entered the power battery and energy storage markets, with power battery revenue increasing from 12.69 billion yuan in 2022 to 15.14 billion yuan in 2024 [16]. - The company aims to expand its international presence, having invested nearly 2 billion yuan in a battery factory in Hungary and pursuing projects in Vietnam and Thailand [17][18]. Capital Market Activities - In addition to the Hong Kong IPO, XINWANDA plans to spin off its subsidiary, XINWANDA Power, for a separate listing, which has already attracted significant investment [21][22]. - The company has made 89 direct investments in 73 firms, totaling over 6.5 billion yuan, primarily focusing on battery and energy storage technologies [23][24].